Japan’s Economy Keeps Growing
Japan’s economy grew for the fifth straight quarter – at an annual rate of 1.9%.
Continued consumer spending + solid company investment + booming exports = Solid and balanced growth.
Last year the economy grew 3% – Japan’s fiscal year ends on March 31st. It was the fourth straight year that Japan reported growth.
The January – March quarter of this year the economy grew .5% or less than half of what it grew in the Oct-Dec quarter last year.
Despite the slowdown – consumer spending and investment remained solid.
Everybody is optimistic that Japan will start spending again.
Perhaps Japan doesn’t want to be outdone by its neighbor to the south and west.
The interest rates are still zero percent! So, borrowing is an option for company growth and taking out loans.
Additionally, Japan has money in the bank….my goodness, they haven’t been spending their paychecks for the past 10+ years but they still brought it home.
And Japan starts spending again…..watch out!
Japan is back!
What do you think?
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